Capital One Financial Corporation Stock Forecast

Capital One Financial Corporation stock price ended at $143.33 on Monday, after gaining 0.646%.
(Updated on May 06, 2024)

COF Signals & Forecast

The Capital One Financial Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $143.48. On a fall, the stock will find some support from the long-term average at approximately $142.61. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -3.72%. Further fall is indicated until a new bottom pivot has been found.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, April 24, 2024 and based on theory for this formation the price should fall by -7.71% to $132.28 within 18 trading days since signal was issued (Tuesday, May 07, 2024).

Support, Risk & Stop-loss for Capital One Financial Corporation stock

Capital One Financial Corporation finds support from accumulated volume at $137.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.77 (1.24%) between high and low. For the last week, the stock has had daily average volatility of 1.34%.

Our recommended stop-loss: $137.49 (-4.07%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (COF) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Capital One Financial Corporation to open at $143.59, and during the day (based on 14 day Average True Range), to move between $140.34 and $146.32, which gives a possible trading interval of +/-$2.99 (+/-2.09%) up or down from last closing price. If Capital One Financial Corporation takes out the full calculated possible swing range there will be an estimated 4.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $146.21 (2.01%) than the support at $137.39 (4.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Capital One Financial Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Capital One Financial Corporation stock to perform well in the short-term.

Current score: 3.500 Buy Candidate Unchanged

Predicted Opening Price for Capital One Financial Corporation of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.